Brachers advises SK Underwriting on sale to iprism

Brachers LLP

Deal type: Aquisition
Industry Sector: Technology
Completion date: 29th September 2023
Adviser(s): Brachers

Brachers advises SK Underwriting on sale to iprism

Brachers’ Corporate team has advised SK Underwriting on its acquisition by managing general agent (MGA) iprism.

SK Underwriting Limited is a Kent-based firm offering niche underwriting solutions for agents in the commercial insurance sector.

iprism is a specialist Construction, Property, Commercial and private client MGA. Using in-house technology, iprism delivers a suite of insurance products to UK brokers, including through its innovative proprietary brokerage platform.

Brachers has a wealth of experience in insurance sector M&A, advising Amicus Insurance Solutions on its sale to Global Risk Partners earlier this year.

The Brachers’ team was led by Kieron Cummins (Corporate Solicitor) and Claire Williams (Corporate Partner) and included Lisa Rothon (Employment Senior Associate).

Kieron Cummins, Brachers’ Corporate Solicitor, commented:

“I am so pleased to have been a part of the next step for the previous owners of SK Underwriting. It has been fantastic to be a part of their success story and want to wish them many congratulations. Many thanks to all my colleagues for their support on this transaction.”

iprism was advised by Cripps and Azets.